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_red-lobster-announces-nearly-100-locations-will-be-shut-down.webp "Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC")
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_billing-aquadrome-rejuvenation-works-underway.webp "Meadow Bay Village has revealed its short term plans for Billing Aquadrome and has promised 'serious investment' in the long term.")
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_39ncis-origins39-just-cast-its-third-returning-character-with-an-actor-who39s-already-appeared-in-the-franchise.webp "Mark Harmon may have departed NCIS three years ago, but Leroy Jethro Gibbs’ story lives on… well, at least in the past. The upcoming prequel show NCIS: Origins will chronicle Gibbs joining the law enforcement agency in 1991, with Austin Stowell playing the younger version of the character. We also recently learned that Kyle Schmid will play the younger Mike Franks, who’s leading the ragtag team that Gibbs is on. Now it’s been revealed who’s playing Origins’ third returning NCIS character, and it’s an actor who’s already appeared in the franchise.")
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